Celadon leases space for recycling plant

Celadon Development Corp. LLC plans to lease 37 acres of land from Port Tampa Bay in Tampa Bay, Florida, to construct a paper and cardboard recycling plant.

Port Tampa Bay Board of Commissioners has announced that it has approved the lease agreement with Celadon Development Corp. According to a news release from Port Tampa Bay, Celadon’s Tampa plant will have significant economic and sustainability benefits, generating up to 20,000 export containers per year, creating approximately 100 jobs, and involving a capital investment of $160 million during phase one of the project.